short sales: Short Sale - OH ME - OH MY!
- 03/10/10 11:09 PM
I am currently working a Short Sale. It is not the first one I have done but, as with everything else it appears the rules are changing as each one is being done. I actually did my BPO before listing the property and based it on a price driven market which we are so in right now. I have been receiving calls and showings on a daily basis as well as I am expecting two possibly 3 offers today. Which shows me I am right on the mark right? Then yesterday I receive an email from the Lender telling me the Seller … (6 comments)
short sales: Short Sale Facts
- 02/11/10 05:56 AM
I have completed several Short Sales in the past and had gotten to the point of being so tired that I truly did not care if I ever did another one! I have a Seller is in desperate need for a Buyer and we will be proceeding with a Short Sale much to my dislike but, our options are few! I know as Realtors the rules are changing daily and my Seller called this morning and asked me point blank if he went forward with the Short Sale could his Lender hit him for the balance left on the loan. I … (0 comments)
short sales: Short Sale - Why Can't We All Just Get Along?
- 12/02/08 04:42 AM
I am currently working a Short Sale with Countywide. I don't mind saying that, because I would hope someone who is of importance would read this Blog and use it as a learning tool. I received my offer on this piece of property if you can believe this back in AUGUST. That's right I said back in AUGUST. I am now supposed to be in the final stages. I have been placed with a negotiator and the wheels are supposed to be turning. This is not my first time on the Short Sale wagon and in this market it may not … (0 comments)
short sales: Short Sales
- 11/20/08 03:36 AM
Just a little tip for anyone who is dealing with or who plans on dealing with a Short Sale in the near future. If you are representing the Seller and you have to deal directly with the Mortgage Holder. The main thing I would suggest is once the process has started and you have follow-ups with the Lender, If you don't like the response you get the first time. Wait 5 minutes and call again. I have been amazed how I can call and get one answer which is totally different from the last. I have been advised to call and … (0 comments)
short sales: Dealing With Short Sales
- 11/18/08 09:43 PM
I got a call yesterday from an agent with another company. She said: " Your the only person I know who has dealt directly with the Lender on a Short Sale and I need your help. Please tell me how the process works?" I helped her and told her what I personally had dealt with but, I guess I was a bit blown away by the original statement! My first Short Sale came way before any instructional classes were being taught and way before the bottom officially fell out! I did not get any instruction it was all Trial By Fire … (2 comments)
I am currently working a Short Sale. It is not the first one I have done but, as with everything else it appears the rules are changing as each one is being done. I actually did my BPO before listing the property and based it on a price driven market which we are so in right now.
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